Nasdaq

Mike Snider USA TODAY Published 12:40 p.m. UTC Aug 2, 2018 Speaker company Sonos is not only kicking off its initial public offering on Nasdaq Thursday, but also ringing in with a new opening and closing bell for the stock exchange. When Sonos decided to take its public listing to Nasdaq, the team at the Santa Barbara, California-based company wanted to do something special, with sound at its core. They approached the exchange with an idea to reinvent its bell sound. Nasdaq has occasionally tweaked the sound of the bell that signals the start and end of daily trading since it opened the Times Square market site in 2000. But this is the first reworking of the bell. Sonos' move to the exchange was timely as Nasdaq had adopted a new theme of "Rewrite Tomorrow" in December 2017. "We thought it was a great time to refresh the sound and when you have a great partner like Sonos, it's a terrific opportunity," said Nelson Griggs, president of the Nasdaq Stock … [Read more...] about Sonos brings new sounding bell to Nasdaq, along with its IPO

A plunge in Facebook Inc's shares has pushed the Nasdaq down more than 1 per cent, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.Facebook shares on Thursday dived 19.0 per cent, their biggest ever one-day percentage drop, after the social media giant forecast years of lower profit margins. The decline in Facebook shares weighed on the S&P 500 technology index, which dropped 1.6 per cent.Shares of Amazon.com Inc, another member of the so-called FANG group of momentum stocks, fell 3.0 per cent and were the second-biggest drag on the Nasdaq and S&P after Facebook. In after-hours trading, they were modestly positive in volatile trading following the company's quarterly results.Shares of Twitter Inc, scheduled to report its quarterly results on Friday, slid 2.9 per cent.But while the Nasdaq and the S&P 500 slumped, the Dow rose, in part on the strength of industrial … [Read more...] about Facebook sends the Nasdaq tumbling

The Nasdaq Composite fell on Thursday as Facebook led a selloff in technology stocks, but the Dow gained as fears of a transatlantic trade war eased after the European Union and the United States agreed to negotiate on tariffs. Facebook shares plunged 18.4 per cent and was set for the biggest one-day wipeout in US stock market history after the company said profit margins would plummet for many years due to the costs of improving privacy safeguards and slowing usage in its biggest advertising markets. The social media giant was the biggest drag on the Nasdaq and the benchmark S&P 500 index, also leading the losses in the technology sector that fell 1.9 per cent. The warnings dragged on the other components in the high-growth FAANG group. Netflix declined 1.3 per cent, Alphabet dropped 0.8 per cent. Amazon.com, due to report results after the bell, fell 2.1 per cent, while shares of Apple were flat. Twitter, set to report on Friday, declined 0.3 per cent. The selloff threatened to … [Read more...] about Nasdaq takes hit as Facebook shares plunge

NEW YORK - AFP/AP Facebook shares dived nearly 20 percent early Thursday after it signaled it expects weaker growth, pushing the Nasdaq decisively lower. About five minutes into trading, the tech-rich Nasdaq Composite Index was at 7,860.84, down 0.9 percent, falling from Wednesday’s record close. The Dow Jones Industrial Average rose 0.4 percent to 25,513.78, while the broad-based S&P 500 dipped 0.3 percent to 2,838.73. Facebook’s user base and revenue grew more slowly than expected in the second quarter as the company grappled with privacy issues, sending its stock tumbling after hours. The company also warned that it expects revenue growth to decelerate in the next couple of quarters as it promotes new, and for now less profitable, products- such as its Stories disappearing message feature. It is also allowing users to make "more choices" around data privacy amid public outcry and regulatory pressures. The earnings covered the company’s first full quarter since … [Read more...] about Facebook shares dive on weak outlook, weighing on Nasdaq

What started out as a potentially ugly day for technology stocks turned into a reprieve as Google’s earnings overshadowed President Donald Trump’s tweets.Google parent Alphabet Inc. gained 5.4 percent in post-market trading as of 4:47 p.m. in New York after reporting higher-than-expected revenue and a jump in the tech giant’s advertising business. That helped pull an exchange-traded fund tracking the Nasdaq 100, the Invesco QQQ Trust Series 1, up 0.8 percent in aftermarket hours. From the morning lows, the reversal was nearly 2 percent.“No question” that earnings outweigh any news headlines or tweets, said Gary Bradshaw, a portfolio manager at Hodges Capital Management in Dallas. Google currently makes up a 3 percent position in the firm’s Hodges Blue Chip Equity Income Fund.“It’s all about earnings and if earnings continue to deliver, the stock market is going to go higher,” Bradshaw said by phone. “Tonight Google blew away … [Read more...] about Nasdaq Claws Back Almost 2% as Trump-Amazon Spat Gives Way to Google